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Mumbai: The government is in the process of redrafting the broadcasting
bill and is considering an increase in foreign direct investment (FDI) in the
cable segment to 74 per cent from the current 49 per cent. "We
are redrafting the broadcasting legislation after consultations with stakeholders...
we will put forward minimal regulations and most of the controversial issues have
been put aside," Asha Swarup, secretary, ministry of information and broadcasting,
said on the sidelines of India Digital Summit. "Increasing
FDI to 74 per cent (in the cable segment) is a sensible recommendation... we are
looking into its modalities," Ms Swarup said without elaborating. She
also declined to give any time frame for increasing the FDI. The
government has proposed to set up Broadcasting Regulatory Authority of India (BRAI)
in place of TARI, the current regulator.
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